Nikon (OTCMKTS:NINOY) Shares Gap Down - Time to Sell?

Key Points

• Nikon's share price gapped down from $9.97 to $9.50 before trading, with the last trade at $9.59.
• The company reported $0.20 EPS for the last quarter, significantly beating the consensus estimate of $0.05, but fell short of revenue expectations with $1.07 billion compared to the forecast of $1.10 billion.
• Nikon's current ratio is 2.03 and its debt-to-equity ratio is a low 0.19, indicating strong liquidity and a conservative capital structure.

Nikon Corp. (OTCMKTS:NINOY - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $9.97, but opened at $9.50. Nikon shares last traded at $9.59, with a volume of 25 shares.

Nikon Stock Performance

The stock's 50-day simple moving average is $9.86 and its 200-day simple moving average is $10.07. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 37.37 and a beta of 0.59. The company has a current ratio of 2.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.19.

Nikon (OTCMKTS:NINOY - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.05 by $0.15. The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.10 billion. Nikon had a net margin of 1.85% and a return on equity of 2.00%. Analysts forecast that Nikon Corp. will post 0.44 earnings per share for the current fiscal year.

About Nikon

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.

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